Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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Retailers will buy 45 Wi-Fi routers from a wholesaler if the price is $10 each but only 20 if the price is $85. The wholesaler will supply 56 routers at $46 each and 70 at $50 each. Assuming that the supply and demand functions are linear, find the market equilibrium point.

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Step 1: To Find

We have to find the equilibrium point at which both the supply and demand functions met.

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